Business, 18.05.2021 18:40 sierravick123owr441
Solare Company acquired mineral rights for $682,200,000. The diamond deposit is estimated at 37,900,000 tons. During the current year, 3,440,000 tons were mined and sold. a. Determine the depletion rate. $fill in the blank 8b76ed03a04eff1_1 per ton b. Determine the amount of depletion expense for the current year. $fill in the blank 8b76ed03a04eff1_2 c. Journalize the adjusting entry to recognize the depletion expense. If an amount box does not require an entry, leave it blank.
Answers: 1
Business, 22.06.2019 10:30
On july 1, oura corp. made a sale of $ 450,000 to stratus, inc. on account. terms of the sale were 2/10, n/30. stratus makes payment on july 9. oura uses the net method when accounting for sales discounts. ignore cost of goods sold and the reduction of inventory. a. prepare all oura's journal entries. b. what net sales does oura report?
Answers: 2
Business, 22.06.2019 10:40
Parks corporation is considering an investment proposal in which a working capital investment of $10,000 would be required. the investment would provide cash inflows of $2,000 per year for six years. the working capital would be released for use elsewhere when the project is completed. if the company's discount rate is 10%, the investment's net present value is closest to (ignore income taxes) ?
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Business, 22.06.2019 17:30
Gary lives in an area that receives high rainfall and thunderstorms throughout the year. which device would be useful to him to maintain his computer?
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Solare Company acquired mineral rights for $682,200,000. The diamond deposit is estimated at 37,900,...
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